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BYTEDANCE REGULATORY PRESSURES
China’s Meta backlash renders Manus model ‘officially dead’Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech in...- TikTok to build a second billion-euro data centre in FinlandTikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as it moves data storag...
- All-in on AI: what TikTok creator ByteDance did nextByteDance, the Beijing-based owner of TikTok, is shifting strongly into artificial intelligence after years of legal and privacy scrutiny. ...
- China's internet firms cautiously revive lending as Beijing pushes consumer loansBeijing began reining in what it described as "disorderly expansion" by internet platforms in 2020 by pulling the IPO of Alibaba-affiliated...
- China's Alibaba develops new AI chip to help fill Nvidia void: ReportChina's Alibaba has developed a new chip that is more versatile than its older chips and is meant to serve a broader range of AI inference ...
- TikTok owner ByteDance sets valuation at over $330 billion as revenue grows, sources sayThe company plans to offer current employees $200.41 per share in the repurchase programme, the people said, up 5.5% from $189.90 each it o...
- Top 10 richest people in China as per Forbes & a bad news for TikTok ownerZhong Shanshan remains China's wealthiest individual for the fourth consecutive year despite a significant decrease in his net worth. China...
- TikTok slashes hundreds of jobs in AI shift"We expect to invest $2 billion globally in trust and safety in 2024 alone and are continuing to improve the efficacy of our efforts, with ...
- ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation, sources sayThe employees, most of whom were involved in the firm's content moderation operations, were informed of their dismissal by email late Wedne...
- As Big Tech scrambles to meet EU rules, investigations seen as likelyIf any of the six tech giants are not compliant with the Digital Markets Act (DMA) by the EU's Thursday deadline, they could face fines up ...
- ByteDance plans for maximum of nine board directors: sourceThis week Reuters reported that TikTok, the popular short video app, could face a fine of $29 million in Britain after an investigation sho...
- TikTok nears Oracle deal in bid to allay US data concernsThe agreement would come a year and a half after a US national security panel ordered ByteDance to divest TikTok because of fears that US u...
- Hong Kong stocks post weekly losses as Beijing's clampdown widensThe Hang Seng index fell 2% to 28,724.88, while the China Enterprises Index lost 2% to 10,825.25 points.
- Facing pressure at home, Chinese tech giants expand in SingaporeChinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets - but they may st...
- ETtech Evening Briefing on 27 Jan. 2021: Top Tech News Today, in 10 MinutesFrom Pine Labs’ AllTap app for contactless payments to Bytedance’s layoffs in India in the aftermath of the TikTok ban, here’s a look at th...
- How a marked-up term sheet and messy rollout threw TikTok deal into disarrayWhat appeared as a coup clinched by Mnuchin, a former Goldman Sachs Group Inc investment banker, did not hold. ByteDance would subsequently...
- ByteDance is poised to miss US deadline for TikTok saleByteDance founder Zhang Yiming has been caught in a clash between the world’s two preeminent powers. The serial entrepreneur has been reluc...
- TikTok dials Mukesh Ambani, wants to know if he is willing to tango in IndiaIndia ops of short-video app said to be valued at $2.5-5 billion; RIL terms report ‘speculation’
- TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai: SourcesOf the two venues, the company prefers Hong Kong, according to two of the people. One of the two also said ByteDance is simultaneously stud...
- Twitter may invest more than $50 million in ShareChatShareChat is among a new crop of regional-language content players tapping the next 100 million internet users in India.
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